- Major support – 9250 (Jan 20th low)
- The index has recovered till 9551 at the time of writing after making a low of 7458. It is currently trading at trend is slightly bullish as long as support 9250 holds.
- On the higher side minor resistance around 9600 and break above will take the index to next level around 9695/9800/ major resistance is around 9830.
- On the lower side minor support is around 9450 and break below targets 9380/9310.
- Stoch RSI- Oversold
It is good to buy at dips around 9450-60 with SL around 9250 for the TP of 9700/9830
The material has been provided by InstaForex Company – www.instaforex.com